S.
Tax 2.99, relating to the dairy investment credit.
Description of all entities that will be affected by the rule
Entities that operate Wisconsin dairy farms, as well as entities that prepare Wisconsin income tax returns, will be affected by the rule.
Summary of, and comparison with, existing or proposed federal regulation
There is no existing or proposed federal regulation that is intended to address the activities to be regulated by the rule.
Description of policy issues:
Objective of the rule. The objective of the proposed rule is to clarify the following terms as they relate to the dairy investment credit, which was created by
2003 Wisconsin Act 135:
- “amount the claimant paid in the taxable year,"
- “dairy farm modernization or expansion,"
- “milk production," and
- “used exclusively related to dairy animals."
Policy analysis
Existing policies are as set forth in the rules. No new policies are being proposed, other than to reflect the creation by
2003 Wisconsin Act 135 of the dairy investment credit. If the rules are not changed, they will be incomplete in that they will not provide clarification of certain terms used in the statutory language of the credit.
Statutory authority
227.11 (2) (a), Stats.
Staff time required
The department estimates it will take approximately 60 hours to develop this rule order.
Revenue
Subject
S.
Tax 3.04, relating to the subtraction for military pay received by members of a reserve component of the armed forces.
Description of all entities that will be affected by the rule
Members of a reserve component of the armed forces, as well as entities that prepare Wisconsin income tax returns, will be affected by the rule.
Summary of, and comparison with, existing or proposed federal regulation
There is no existing or proposed federal regulation that is intended to address the activities to be regulated by the rule.
Policy analysis
Objective of the proposed rule. The objective of the proposed rule is to clarify that the subtraction from income for military pay received by members of a reserve component of the armed forces is not available to persons who are serving on active or full-time duty in the active guard reserve (AGR) program under
32 USC 502 (f).
Existing policies are as set forth in the rules. No new policies are being proposed, other than to reflect the creation by
2003 Wisconsin Act 183 of the subtraction from income for military pay received by members of a reserve component of the armed forces. If the rules are not changed, they will be incomplete in that they will not provide clarification that persons who are serving on active or full-time duty in the active guard reserve (AGR) program under
32 USC 502 (f) are not eligible to claim the subtraction.
Statutory authority
227.11 (2) (a), Stats.
Staff time required
The department estimates it will take approximately 60 hours to develop this rule order.
